NEW YORK — James Kraft said Tuesday that he will donate a portion of his net worth to the National Football League Foundation and said he will invest in NFL teams and other causes in New York City.
Kraft made the announcement during a press conference on the sidelines of the annual league meeting in Indianapolis.
The announcement comes just days after he announced he was stepping down as chairman of the Kraft Group, the Kraft Family Companies.
“I’ve always been a big fan of the NFL and I think this is a great way to help,” Kraft said.
“I think this will be a great place to put our resources and our passion to help improve the game.
We’ve already made some great investments in this area.”
The NFL is currently undergoing a restructuring that will see Kraft step down as executive chairman and the current owners step down.
Kraft’s plan to step down comes after he led a group of investors who invested $50.5 million in the league, including his wife, Ann, and his children.